CCTV News (News Network): The State Council Information Office held a press conference on April 28, and relevant officials from the National Development and Reform Commission, the Ministry of Human Resources and Social Security, the Ministry of Commerce, and the People's Bank of China introduced the relevant policies and measures to stabilize employment and economy to promote high-quality development.

The National Development and Reform Commission stated that it will include the updates and upgrades of industrial software and other policies in the scope of support for the "two new" policies, accelerate investment in consumer infrastructure and social fields, formulate and implement the "double" action for charging facilities, and support cities with a permanent population of more than 3 million in urban areas, especially megacities and megacities.

Since this year, the first two batches of consumer goods exchanged funds have been allocated more than 160 billion yuan, and there will be about 140 billion yuan in the future. As of April 27, the total sales of consumer goods traded in new products has driven more than 720 billion yuan. The Ministry of Commerce said that the next step will also expand and improve quality and implement the exchange of old consumer goods for new products. Organize and carry out pilot reforms on automobile circulation and consumption, and encourage relevant regions to optimize automobile purchase and traffic restrictions.

In terms of stabilizing foreign trade, we will accelerate the reform of domestic and foreign trade integration, and increase support for enterprises that are more affected by tariffs, including market channels, domestic consumption, finance, and service guarantee.

The People's Bank of China stated that it will make good use of moderately loose monetary policies, and reduce the reserve requirement ratio and interest rate in a timely manner according to the domestic and international economic situation and the operation of the financial market to maintain sufficient liquidity. Guide financial institutions to not withdraw loans or continue to borrow loans if they have high dependence on foreign trade, temporary difficulties, and competitive products.

The Ministry of Human Resources and Social Security stated that it will launch a "combination punch" of employment stabilization policies, continue to tap potential and expand employment space, accelerate the cashing of job stability return, guaranteed loans, and employment subsidies, and continue to implement the reduction of unemployment and work-related injury insurance premiums. Recently, 66.7 billion yuan of central employment subsidy funds have been allocated, and incentive policies will be introduced to increase vocational skills training and strengthen public employment services.